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-december as she recovered from a stomach virus that left her severely dehydrated. clinton had been planning to return to work this week. >>> there's still significant difference between the two sides. >> today the final day of fiscal cliff negotiations. >> i want everyone to know i'm willing to get this done, but i need a dance partner. >> vice president joe biden is now in on negotiations. >> do i wish that things were more orderly in washington? absolutely. >>> a tour bus crash on an icy oregon highway has killed nine people and injured 20 others. >>> today is december 31st. there's going to be a huge celebration in times square with everyone waiting for that crystal ball to drop. >> just to tell people hey, we were in the crowd in new york city on new year's eve. >>> a fatal plane crash in russia, the impact sending debris flying into oncoming traffic. >>> a scary slip on a frozen lake in the moun tapetains of southern california became a race to save a life. >>> and kim carkardashian is pregnant. >>> intercepted by rob jackson. redskins into the playoffs. rg3. maybe
scott fossil's biography is to encounter the life of a modern saint. and as bill clinton remarked in his eulogy at the funeral, sargent shriver really was that good. he was born in 1915. his parents were catholic social justice advocates, and his godfather was cardinal james gibbons of baltimore. he was educated at yale university and yale law school and immediately entered the navy where he received the purple heart for his service in the pacific theater. the awful immediacy of his war experiences made him a man who was dedicated to making every feasible effort to achieve peace. after he was discharged at the end of war, he worked as "newsweek" magazine, and in that job came into contact with joseph kennedy sr. who asked him to manage the merchandise mart in chicago. during those chicago years, he married the boss' daughter, eunice, in 1953 and chaired the chicago school board and the catholic interracial council as a supporter of desegregation of the city's schools. shriver's prominence in the commercial and social life of the state soon led to interest on the part of the political lea
it's up to the house. >>> also this half hour, a health crisis for hillary clinton. we are now learning about the blood clot that was near her brain and how doctors are treating the secretary of state. she is lucky this didn't turn out to be fatal. >> absolutely lucky. >>> welcoming in 2013. the crowds, the cops, the confetti, the cold weather. it's got to be new year's eve in times square. we'll take you there. >> of course, the party is not just in new york. we'll drop in on some new year's eve celebrations around the globe. big cities are doing it right. >> absolutely. >>> but first, we'll talk about washington beginning 2013 much the same way it ended 2012. early this morning, the senate passed an agreement to avoid the fiscal cliff. >> but it still must go to the house. they reconvene at noon today. congressional leaders hope to send legislation to president obama within a day or two, meaning that consumers shouldn't notice any impact. with the latest to explain it all, all the xs and 0s, we're joined by karen travers in washington. >> reporter: it's after midnight. while
to increase any tax rates. how can it be that we have the rates the president is proposing back in the clinton years and the had the longest period of uninterrupted growth in the nation's history, 23 million jobs created, would balance the budget and were paying down the debt. if those tax rates are so needed to job creation, how is it that we have those very rates that the country was doing the best it has ever done? how can it be? the ideological rigidity is not fact-based. it is not fact-based. one of the things they are saying now is that if you go to a top rate of 39.6, that will have enormous consequences on economic growth. cbo has studied that issue. they have told us it would change economic growth by 1/10 of 1%. extending the tax cut would add -- extending all the middle class tax cuts would add 1.3% to economic growth. the overwhelming driver here is extending tax relief for the middle class. at least those making below $250,000. i go to another issue. there are income tax rates currently at 35% tax rate. what about people who are paying a rate of 15%? -- how about the unearned whe
's growing concern over the health of hillary clinton after the secretary of state is admitted to the hospital with a blood clot. >>> and less than 24 hours until the nation heads over the fiscal cliff. we'll go to washington to see if lawmakers are any closer to cutting a deal and we'll tell you what will happen if they don't. >>> we begin with today's "y opener," your world in 90 seconds. >>> hillary clinton will be celebrating the new year from a hospital bed. >> secretary of state hillary clinton is hospitalized in new york city. >> she's got a blood clot she suffered from a fall. >> it left her severely dehydrat dehydrated. clinton had been planning to return to work this week. >> there's still significant difference between the two sides. >> today the final day of fiscal cliff negotiations. >> i want everybody know i'm willing to get this done but i need a dance partner. >>> vice president joe biden is now in on negotiations. >> do i wish things were more order will i in washington? absolutely. >>> a tour bus crashed on an icy oregon highway has killed nine people and inj
now. good morning, everybody. today is december 31st. hillary clinton hospitalized with a blood clot and what it makes for the investigation of the attack on benghazi. >> dave: some are hearing that democrats want to use more tax dollars to reduce spending. we'll have the details ahead. >> we are live in time square. they are setting up the barricade and barriers out there. more on that . maria molina is down there am she is tiny amongst the sky scrapers. "fox and friends" begins right now. ♪ ♪ "fox and friends". ♪ it is nice and calm and in a few hours it will be bonkers. >> you have been down on the crazy evening. what time do they get down there? >> they start in the afternoon. they have everything in the gates carrolls -- carols and you can't go anywhere . >> adult diapers. >> pretty much. we talked about it earlier. >> it is new year's eve . if you are partying, time squares just at home we have your cure for the hang over and what you should drink and what you should not drink. >> a whole table. >> peter: i went and bought myself aspargus . what it can do to prevent a han
clinton. >> she's undergoing treatment for a blood clot in the head between the brain and the skull. >> she didn't have a stroke. she didn't have a seizure. the prognosis is excellent. >>> estimated 1 million people in times square. >> revelers welcomed in the new year with celebrations around the world, 1,000 people in hong kong, spectacular fireworks display over the skies of london. >> i'm saying let's get it on. >> it's so many people making out. >> it's you and me yea! >> all that matters. >> last night was the first new year's eve without the iconic countdown from dick clark. >> most people come and go dick clark was here for generations. >> someone on twitter said there was going to be a drinking game every time i giggle nervously. >> break it down because we're on the couch. >> we'll be right back. see you later bye-bye. we'll be right back. captioning funded by cbs >>> happy new year and welcome to "cbs this morning." >> starting a new year. >> looking forward to 2013. >> yes, i am, too. >> you guys have any new year's resolutions? >> to be better and better a
the number of investigations especially of the clinton administration. what do you see as your legacy of that tenure? >> i think bill clinton, president clinton and secretary as secretary -- hilary as secretary of state do not like me very much. i was chair of the government oversight committee during the time we were investigating whitewater and we were investigating campaign contributions that came from sources outside the united states and from various people. there was an awful lot to that. we had people testifying like ohnny chonung, they had contributed money to gain favor with the white house. and they came into the kitchen at hong kong and said we wonder -- we like your president and we want to contribute to his campaign. the man who said that was the equivalent of the cia. these were people who were under oath and swore to this and we also had over 100 people take the fifth amendment or flee the country. there was a lot there. that is not to say that president clinton did not do some good things. he worked with newt gingrich and we got out from under some difficult financial
was 78 years old. >> secretaries day hillary clinton is heading back to work next week. clinton's been working from home while recovering from a concussion she suffered after fainting while fighting a stomach virus. >> her return to the state farm is likely to be good news for capitol hill. clinton will testify next move for the congressional committee of the deadly attack on the u.s. consulate in benghazi. >> genetics and 20 the investigation is the sandy hook elementary school shooting massacre. >> the state medical examiner would do a complete analysis of government-that the gunman as dna. they're not looking for anything specific in the analysis and it is on likely they will find genetic clue into lanes as motive behind the shooting. >> genetics said they're genetic component to mental illness but there are many genes involved, not just a single gene or mutation. results of the dna analysis are not expected for several weeks. >> here is a live look outside at this and tell bridge coming up on kron 4 morning news a new addition to the oakland police department to help reduce crime a
in on the impact these cuts will v that is live in our next hour. gregg: secretary of state hillary clinton now hospitalized after the discovery of a blood clot following a concussion earlier this month. that concussion apparently related and causing secretary clinton to postpone her testimony on the benghazi terror attack. doctors say the blood clot is very risky. >> blood clots are serious depending where they are. the leg is more common and simpler to treat. lungs are more life threaten, into the brain of course, very, very serious if it is in the brain because of stroke and potential memory and injury to the entire brain. gregg: david lee miller is live in new york city with the very latest. and, david, what do we know about the location of that blood clot? >> reporter: gregg, the authorities have not released that information. they have only disclosed she is being treated for a clot. she fainted earlier this month and hit her head causing a discussion. the clot was discovered in a follow-up exam. the state department issued a statement. it said in part, and i quote, secretary clinton's doc
for upper income people at 39.6%. the rate under president clinton. the states would be taxed at 40% above $5 million for individuals and $10 million for a married couple. unemployment benefits would be extented a year, as with the medicare doc fix. it would permanently fix the a terptive minimum tax. a big concern for many republicans are there are no new spending cuts. >> history has a way to repeat itself. >> somehow washington never gets the message. >> here we are, 30 years later on the brink of another crisis on new year's eve, still addicted to spending money. >> last friday, speaker boehner told the senate colleagues to find bipartisan deal and the house would consider, accept or amend their plan. with time running out, house lawmakers were left working on unrelated issues and feeling like the process is broken. >> the american people are looking at congress with disdain and rightfully so. with the deadline on the tis call cliff hours away we failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> february the deal
of secretary of state hillary clinton. nbc news is reporting that she has 23409 been released, she's been there since sunday undergoing a blood clot. earlier today she had a doctor's visit at another billing on the hospital campus. she went to the appointment with her husband, and with her daughter chelsea as well. after that visit, she returned to the main hospital. >>> skins on the practice field today, getting ready for the matchup on sunday. dan hellie is in the newsroom. i'm going 20 assume they're good and ready to go. >> i think so. i don't know if -- here we are, the redskins with their first full day of playoff preparations. in sports, we've had heard this before, it's all about piquing at the right time. it's not always the best team that wins a championship. it's the holdest and most focus. so they're approaches this one the same way. even the rookies sound like wiley veterans. >> i think the way we're approaches this game is the same way we approached the last set. it is a play offgame. we'll be ready. >> i think the guys know what -- and you have to play like you have nothing
that legislation this month. >> 6:05 now. secretary of state hillary clinton is on blood thinners to treat a blood clot. she fainted and had a concussion. doctors were giving her a checkup this past sunday. that's when an mri revealed she had a blood clot between her brain and skull. doctors say it did not cause a stroke or neurological damage. clinton is expected to make a full recovery. for now, she's under doctor's care at new york presbyterian hospital. >>> in the day ahead, same sex couples in montgomery county, maryland will hold public ceremonies. the ceremonies had been private because the courts were closed for the holiday. when the courts reopen this morning, the circuit court clerk says four ceremonies are already scheduled. maryland is the ninth state to legalize same-sex marriage along with d.c. >> a new session begins for the d.c. council today. along with it a new term for six members. they will be sworn this morning. the independent david grasso is the only new face. he beat out michael brown in november. vincent orange, jack evans, muriel browser and marion barry will be part of t
fight in washington down the road? >>> recovering, hillary clinton spending a fourth day at a new york hostal where she's being treated for a blood clot in her head. we're there live with the latest on her condition. >>> and eat this and this and this. the controversial new diet that lets you eat anything you want for eight hours a day. we'll talk to the familiar face behind the plan "today," wednesday, january 2nd, 2013. >> announcer: from nbc news, this is "today" with matt lauer and savannah guthrie live from studio 1a in rockefeller plaza. >>> and good morning. welcome to "today" on a wednesday morning. i'm matt lauer. >> and i'm erica hill in today for savannah. happy new year. >> happy new year to you. this is our first day -- tech nknick ally, we were here yesterday, but this is our first day back together. >> everybody was here yesterday. >> technically. happy new year to you. >> a lot going on. in the briefing room after that vote in the house, passing the fiscal cliff legislation. >> in the end, the president got most of what he wanted including higher taxes for families maki
start to the new year for hillary clinton. >> she's undergoing treatment for a blood clot in the head between the brain and the skull. >> she didn't have a stroke. she didn't have a seizure. the prognosis is excellent. >>> an estimated 1 million people in times square. >> revelers welcomed in the new year with celebrations around the world. around 100,000 people in hong kong. fireworks display over the skies of london. >> all that. >> i'm single, so let's get it on. >> there are so many people making out it's sloppy. >> who to you think would win in a fistfight. you or -- >> and all that matters. >> last night was the first new year's eve without the iconic countdown from dick clark. >> most people come and go. dick clark was here for generations. >> on "cbs this morning." >> somebody on twitter said there would be a drinking game every time i giggled nervously. >> make it better. break it down. we're on the couch. >> we'll be right back. see you later. bye-bye. see you later. bye-bye. we'll be right back. captioning funded by cbs >>> happy new year and welcome to "cbs this morning."
't are particulars. you know, the whole notion of bill clinton saying that he never inhaled -- well when jay leno asked the president about it, you know, without going overboard -- my book documented thoroughly. that is what they did. you know, they had a thing called total absorption, but not only did you inhale, but everything in the car as you were smoking it. there are few people there of african students, one of the african-americans and some others started calling him rocco, when i was with a ton of what's his name. with so many college students, they start to really go back and find their identities. that is what he is searching for. some people call him barry instead of barack. >> host: why did he choose occidental reign. >> guest: he chose it because there was a girl that he met in brentwood before that time. and so he wanted to go for that reason. occidental was like the next that. it was late in comfortable, a very bucolic, small and contained place. it was very comfortable. he really started to expand intellectually. i think he got his first defense of destiny during those two years.
. george h.w. burks 137. bill clinton, 167. george w. bush, 173. and then president obama through november 5 2012, i guess the day of the election, had 311 -- 3 10789 why such a jump between president carter and president obama? is it just the cost of running these campaigns? is it television ads? writes all this money going if guest: it's a very good question. if you want to understand what presidents do, you have to think about what the rules of the system are that incentivize their action. so the rise in fundraising is really a story about the consequence of campaign reform. if you want to empty your let to a presidential candidate, you could give them $25,000. over the last few decades, campaign costs have exploded. the rational is that -- rationale is that we want to have small amount offense money to limit corruption or the appearance of corruption. so the idea is if i can only get a certain amount of money from you, and every person i know, i'm not going to be behold on every certain but with rising president costs, the president is spending more time raising more and more money. th
did it thinking about bill clinton and newt gingrich. it was nice to take a vacation from those guys. when i ran out of gas writing books about politics and economics, which i did a number of between 2002 and 2008, and said it is time to go back in history again. hop in my time capsule and forget about these fellows. and i have forgotten about them pretty well. i cannot remember, for example, the name of the governor of texas who was such a jerk in the primary. [laughter] effect that he could not remember the departments in the government, i guess it is a little forgivable. i did it for the same reason in many respects. i wanted to deal with something i liked, that i thought was worth pursuing. and a long time ago, i did a book called "the emerging republican majority." i thought i would take the methodologies that i would use in that book and try to come up with a good explanation of the realignment of 1775. that is a good part of what this new book is about. >> before we get into this, a number of years ago, he called you a liberal. we have known you over the years as supposedly a
clinton and newt gingrich too much. nice to take a vacation from those guys. when i ran out of gas writing books about politics and economics, which i did a number of between 2002 and 208, i said it's time to go back into history again. -- 2002 to 2008. i have forgotten about them pretty well. i cannot remember the name of the governor of texas who was such a jerk in the primary. that is the revenge. a lot of people don't remember his name. the fact the could not remember what departments or in the government is a little forgivable. i did it for the same reason, in many respects. i wanted to deal with something i like, that i thought was worth pursuing. a long time ago i did a book called "the emerging republican majority.: it pretty much did emerge. i thought i would take the methodology that i used in the book to try to, with a good explanation, a realignment of 1775. that is a good part of what this new book is about. >> before we get into this, would you deal with one comment that i saw on the web written by weisburg a number of years ago. he called you a liberal. >> i don't think i ha
. >>> secretary hillary clinton remains hospitalized for a treatment of a blood clot in her head. nbc's chief science correspondent robert bazell is at columbia university hospital. >> reporter: good morning, andrea. she has a blood clot just below her ear on a blood vessel that drains blood from the brain but critically, it's not in the brain itself, which makes a difference in the prognosis. it's still a dangerous situation. you can see where the red dot there is on the diagram. it's being dissolved with blood thinners and over a period of days and all indications are that she will make a complete recovery. this is a dangerous situation, but she's going to be fine. andrea? >> good news. happy new year to you as well. thank you, robert. >>> now to the weather. scattered showers and thunderstorms are likely today throughout the southeast and gulf coast. some areas may receive over an inch of rain. isolated snow showers through the ohio valley and into the virginias with one to three inches of snow. snow. and heavier amounts over higher elevations. much of the country remains quite chilly with
advisory board and also was president clinton how usual is this cell that we're hearing about? >> you know, candy, while there is a discussion, there was a statement put out by the emirates, we don't know very much about the details. typically the emirates is an infrastructure place, right? it's where they provide support, the terrorist groups look for support that counter pro live rag, banking. we don't often see operational terrorist cells and that's what makes this different. the emirates has a capable counterterrorism force and work very closely with saudi arabia and we have to presume that there was real cooperation because the targets were supposed to be in the emirates and saudi arabia but we don't know much beyond that. >> you know, i want to get this quote exactly right. this is from the official em rate news agency and materials aiming to conduct terrorist attacks. so this is not a region that you want people exporting material and equipment for terrorist attacks. how concerning is that part of the operation? >> it's very concerning. in fact, the statement itself suggests that th
opinion. okay. and later this hour, democrat strategist and former clinton advisor doug schoen tells the company, are we like greece? is this deal affecting america's prosperity. i'll ask him the top of the hour. and grover norquist, is he backing down from his no-tax pledge? is he hedging? find out, ten o'clock this morning. go to our facebook page, tell us what you think about the deal that we've got, you're happy with it. if you are, we want to know why. we'll read some of your comments on the air. tell us why we want that in there. the markets, they've got their answer on the fiscal cliff, a deal has been done, the result is yes, it is a rally. we're going to see a big gain for the dow. it's going to be big. the opening bell for this brand new year is next. night ♪ >> surely you recognize that music, don't you? that's played on the bah zuki? why are we playing that? because america looks a whole lot like greece in morning. why? we've got a fiscal cliff deal. all it does is raise taxes. it doesn't cut spending, it doesn't do anything about the debt that we and europe and greece
has is that your approval rating. the outgoing secretary of state hillary clinton is also popular with a 66 percent approval rating. >> a new gallup poll shows a majority of americans report stricter gun laws that stashed support stricter gun laws. the most are against banning assault weapons. >> 58 percent of americans now say that for stricter gun laws. >> that is up from 43% october 2011. >> the american public is now split on enforcing existing laws that passing new ones. >> 46% of the public was to enforce karloff 47 percent want new legislation. >> the specific law to ban assault weapons which is backed by president obama is not gain much support october 10th. 44 percent support on assault weapons ban, while 51 percent are against it. >> the u.s. state department is criticizing a bill passed by russia's parliament to ban american from adopting russian children. president vladimir putin says he will sign the measure. >> he says the bill is a response to a new u.s. law that calls for sanctions against russians were found to be violating human rights. >> the state pardons as am
command there. general schwarzkopf was 78 years old. >> secretary of state hillary clinton is heading back to work next week. she has been working from home while recovering from a concussion she suffered after fainting while fighting a stomach virus. her return to the state department's likely to be good news for capitol hill. glenn will testify next month before the congressional committee committee on the deadly attack on the u.s. consulate in benghazi. russian president vladimir q and has signed a bill today banning americans from adopting russian children. the law also blocks dozens of russian children who are currently in the adoption process by american families from leaving the country. houston says the bill as retaliation for an american law that calls for action against russian officials who were found guilty of violating human rights. more than 60,000 russian children have been adopted by american families in the past two decades. >> opening bell on this friday it looks like dow futures are lower once again. the dow's down the 150. there was news that the house of representative
for secretary of state hillary clinton. she is being treated in a new york city hospital for a blood clot for a vein in her head. the clot was discovered sunday in a follow-up exam for the concussion she suffered after a fall in her home last month. she did not suffer neurological damage and is expected to make a full recovery. >>> from nato to afghan control will begin in two months, aiming to cover 90% of the country's population. the transition that began in early 2011 is supposed to give afghan forces full responsibility for security by the end of 2014, when most nato troops will have withdrawn. >>> following a day of bloodshed. 23 people were killed and 87 people wounded in the day of attacks. most killed were religious pilgrims on their way to the holy city. >>> in a surprise speech today, kim jong un called for an end of conflict between the two koreas. the first in 19 years by a north korean leader. tensions have risen to their highest level in decades after the north bombed a southern island in 2010, killing two civilians and two soldiers. >>> the world rang in the new year with
presidents, president clinton, bush and obama said that nuclear iran is unacceptable. if the iranians are allowed to walk across that threshold with no opposition, that would demonstrat demonstrates other would-be regimes that-- >> is this the year for the showdown on iran? >> simply as a matter of industrial mechanics, how much uranium you need to enrich to get to a bomb this is the year. >> paul: we've been saying that for a while and somehow there's a computer virus that happens that keeps kicking it down. but it's not an ever receding horizon and the international atomic energy looks at iran as nuclear some piles, how much they have and how deeply -- look, you saw benjamin netanyahu at the u.n. in september draw literally a red line and they've come to consensus grew late in the spring of 2013 you're going to have that threshold. >> paul: matt, you've been the optimist in our group on the arab spring and made a strong case for it particularly after the dictatorships for so many decades in that part of the world. give us some reason to think that this could turn out better than it
presidents. president clinton, bush and obama have said explicitly a nuclear iran is unacceptable. if the iranians are allowed to walk across that threshold with no opposition that is going to demonstrate to other would be aggressive regimes there is no cop on the street. that is what is happening. >> paul: is this the year of the showdown? >> it's how much industrial mechanics, how much uranium this would be the year. >> paul: there is a computer virus that keeps kicking it down. >> but it's not an ever receiving horizon and they take nuclear stockpiles and how much they have and how deeply it is buried. you saw benjamin netanyahu at the u.n. in september and literally draw a red line, both american intelligence and israeli intelligence have come to the view that late in the spring of 2013 you're going to have that threshold. >> paul: you've been the optimist on arab spring and you made a strong case for it. particularly after the dictatorships for so many decades in that part of the world. give us some reason it could turn out better. >> it's not over. the struggle in egypt over
slipped in a prison hospital bathroom earlier this month. >>> secretary of state hillary clinton sidelined no more. her spokesman says she will be back at work next week after spending the past three weeks fighting off what the state department said was a stomach flu and a concussion brought on by a fainting spell. doctors have grounded her from overseas travel for a few more weeks. her return means she may soon testify before congress about that attack on the u.s. diplomatic office in bengahzi. >>> hopefully bart, the hound dog, won't be sniffing around lake erie any more this winter. he slipped through the ice and his front paws were the only thing that kept him through the surface. his owner tried to help him, but he slipped through, too. >> i was talking to him. trying to keep him warm, rub him. get flood flowing through his body. i kind of looked at it like what if it was my dog? >> they spent about 90 minutes in the frigid water before rescuers arrived. bart was cold but otherwise okay. >>> america watched as paul mccartney, bon jovi and bruce springsteen took the stage to raise mone
ronald reagan and bill clinton cut spending. i would take the clinton tax rates, right now, i would take them. gregg: really. >> they won't hurt the economy, if, i got clinton's spending. he spent one-third less on federal government than barack obama is today, one-third less. we've increased the size of the government by over 33%. gregg:er hereby announce you king for a day. you're it. >> oh, please. but that's it. we're spending too much and the only way to afford this kind of spending is to tax everyone. and that's what i'm worried about. we're moving toward a value-added tax. gregg: brian wesbury, good to see you. thanks so much. >> good to see you, gregg. patti ann: greg says he can have the power. can i be queen? gregg: you may. >> this is great story. a man loses a ring on the highway and another person finds it. he is looking for the rightful owner. i hope you're watching! we'll tell you how you can help coming up. >>> a touching story of a fifth grader and how he decided to honor the victims in newtown, connecticut. >> when i heard about sandy hook i felt really bad for all the
is hard to measure. bill clinton signed in my nutrition bill for school breakfasts, to bring breakfasts to elementary schools, all kids, not just poor children. it was a study to prove that -- to prove something we know absolutely but it had to get proven scientifically. children who come to school with a full stomach or fed at school do way better in their studies and in their attendance and in their attitude and we proved it without a doubt. after three years, it because great study and it is there on the shelf but we can't afford to do anything about it. we're not going to see every elementary student -- kids eat at home but they eat pop tarts, elementary children. my kids eat breakfast. but we have to feed our children so they can think. >> 20 years ago when you first came to congress, you became known as the former welfare recipient who is now a member of congress. first of all, tell us, remind us why you were on welfare for a while. what do you think of that? >> well, i was on welfare because when my children were 1, 3, 5 years old, their father was diagnosed manic depressant and
and lower middle class people. so, if everybody says let's go back to the clinton tax rates, that is the clinton tax rates. also, on more spending, the iraq war, we pulled the people out. on c-span about two months ago i turned it on a senate armed services committee. one not seen anybody report this. the state department sent in private contractors at a cost greater than if we would've had our troops in there. it is a fact right now, the figures don't lie, but liars figure. host: thanks for the call. guest: the president's proposal to roll back the bush tax rates for upper-income americans would raise probably about $100 billion a year. that includes higher tax rates on income earned over $250,000, higher estate taxes, and more. it's not going to solve our deficit problem, but it will have an impact. the question is, is that enough, too much, too little, when you combine it with spending cuts, to reduce the deficit to more stable level over the years? host: what we have seen in these negotiations between the principals, how does that portend in terms of what we will see in
, and president obama should be in and his entire staff, including hillary clinton. i do not know if you have noticed but nancy pelosi, her eyes are consistently dilated. host: thanks for your call. let's go to indiana. caller: i think it is unfortunate boehner wants to tax people making over $1 million. [indiscernbile] this is the result of 30 years of reaganomics, and the republican party has left people with less fiscal responsibility and they have not paid for the two wars, medicare part d, not to mention the tax cuts. host: how does it end? caller: if people did not wake up and try to do what is right for future generations at will and worse. the republican party will not compromise for anything. it is not the dwight eisenhower party that had the 93% tax rate. you put the money into the interstate highway system. even abraham lincoln created land grant universities, and that was not called socialism. it was called advancing the future. host: we appreciate the call. let's go to illinois, catherine on our line for republicans. caller: yeah, hi, this is catherine. i cannot have twitter, but
, which is let's not forget the fiscal cliff takes us back to the clinton era tax rates. i remember a lot of people on this network saying how great it was back then. we're going back to the clinton era tax rates and we boom then. the reason it didn't pinch us then, now it's deem and then it was great. i think the difference is the economy was improving, incomes were going up, housing prices were going up, people felt better. home prices are going up. that's a good thing, and the income issue is where we need to solve the problem. >> that's right. >> people can handle higher taxes if they make more money. part of that -- i'm going to get preachy here, reverend. the american people have to make a decision about what's important. keeping your neighbors employed. i know cost matters to a lot of people. my parents poet grew up poor. look the at what you buying if it koths made in mechanic and kips your neighbor working at a higher wage at a u.s. facility, think about that decision you're pak maiking. there's no country in the world -- sorry i'm off on a tangent. there's no country in the worl
reasonable president we've had in office besides bill clinton. there's a reason we put him back in office. he's for the people, right. the other man that run for president, think about where we'd be, he only cared about the rich. my point is this, man. they got a lot of bills going on in congress. people taking tax money, going on a big vacation. take all these vacations, taking this money, spending this money. you try all the people on the tv, talking about can't do that, ok, we got these people in congress right now, this president, you understand me, he is trying to do everything he can. his hands are still tied. host: it sounds like you are are a defender of president obecause mark drawing a comparison between president obama and mitt romney, his opponent in the presidential election. does president obama have a mandate? if he says, i want you to vote for this, democrats, that you should vote for it? guest: the president was clear he wanted to maintain the quarter million dollar ceiling. he gave ground on that. but it was as clear a policy statement as possible and mr. romney and mr. ryan
schools. cops in the school program was initiated in the 1990s by bill clinton. whether an individual school wants that protection or doesn't want that protection is really up to the individual school and when we made that statement, whether wayne la pierre spoke a week ago, what has to happen and should happen is in every school district, administrators, teacher skpes parents should sit down and ask what's needed to protect the students in that school. others want private security guards. there may be places where they want volunteers to do it. we are willing to work with everybody on the questions. >> how do educators feel about giving teachers firearms training? bob hinky is a principal at mountain crest high school. how do you feel about this? >> well, i think the teachers have that right and so i feel like it's okay, but i have some things i'm very concerned about. i personally wouldn't carry a gun or get a concealed weapon myself. the concerns i have is the concealed weapons, i have a friend who just received his a couple of years ago and through the training, they never used a
of votes in 2008 by a lot of votes that were not just -- >> that is so. but clinton did quite well but only because ross perot was running. very complicated. in terms of it being a national figure, someone reaching across the aisle, you haven't seen that. one of the things that h.w. did while he was in office, he he cut a budget deal raising some taxes with some republican support. >> and that's what made his legacy as a one-term president. >> and that's what killed him. but he was at that turning point when conservatives were no longer willing to accept that. conservatives didn't complain so much earn him. so things were changing the the point being we've moved on from that period in which you can have that sen trit government leadership. >> views have changed. it does look like we could be headed over the cliff. we don't have much time left. we'll see retroactively if that allows for a deal to be reached. >> yes. >> tim stanley, going through all of this with us. an author, as well. >> merry christmas. >> and to you. >>> now, former u.s. president is. >> intensive care at a houston hospit
repeals, and the repeal for those who don't know was signed by bill clinton as president. helping to deregulate. what did we have? the taxes on the rich were gone ridge of, taxes on corporations were reduced, regulations on business were gone ridge of. what is it we saw? we saw that by not changing the organization of capitalist enterprise, we left in place people with the incentives and the resources to undo everything that had been achieved in the great depression. we learned a powerful lesson. it is like winning a war but leaving the enemy with other armaments. they might use their weapons to try again. if you leave in place a corporate capitalist structure, a small group of major shareholders will own the shares in their hands. d. a. therefore select the board of directors and remember what a board of directors does in every corporation, it decides what to produce, how to produce, where to produce and what to do with the profits. for americans this struck a moral political issue. we are in a country which claims it is committed to democracy. we say that about our political act
. >> hey, diane, thank you for being here. >> thank you, stuart. stuart: secretary of state hillary clinton remains hospitalized this morning and has a blood clot related to concussion she suffered earlier this month. that concussion prevented her from testifying at the scheduled benghazi hearings, secretary cliiton is expect today remain in the hospital, it's in new york city, she's going to stay there for probably the next 48 hours and check out the clot. time is money, 30 seconds, here is what else we've got for you today. rich people voted for president obama, yes, they did and now their taxes are going up. are they happy now? our voice from the rich has the answer coming up. speaking of the president, where is the leadership? kirsten powers is democrat who i think is drifting away from the obama camp. she will be joining us a little later. and a new year brings new hope for the formerly golden state of california, the chairman of the state's republican party, yes, there is such a thing, as a republican party in california, i think. join us. remember, we want to hear from you please, se
is it enough? what should that 40% share be from the top 1%? >> the clinton rate was 39%. dennis: share of tax dollars. >> overall share, how do you measure that? the fact is you equate in terms of wealth as opposed to income is even greater. a small percentage of americans own all the wealth. i thought you were talking about marginal tax rates. if it was marginal tax rates we're doing fine -- dennis: the bottom half of earners pay zero federal income-tax. they pay sales taxes and% income-tax. [talking over each other] >> they pay less than nothing because we get earned income tax credit. dennis: all right, sounds good to me. [talking over each other] dennis: we will cut you down. shibani: the fiscal cliff survival kit is here. the market's jump in and fiscal cliff years. what should you do to protect your money, your portfolio, your sanity, your 401(k)? joining us is president and ceo of shaver asset management dan shaffer. good to have you on this friday, big day for the market. all these talks, i noticed movement in bond prices. in the currency market, what is your technical analysis tellin
is that if the threshold goes up to that level, the top income tax rate would go all the way back up to the clinton era rate of 39.6%. not some mid point of 37% talked about a couple of weeks ago. secondly, that it would be accompanied by more revenue from the estate tax than is happening under current policy. remember, current policy is 35% tax on estates of $35 million or more. democrats are going to be insisting on somewhat more revenue than that, if not all the way up to the level in president obama's budget. finally, that an agreement would include a significant extension of unemployment benefits. remember, there are 2 million people who would lose about $300 a week if this fiscal cliff passes and there's no deal whatsoever. guys, back to you in d.c. >> all right. john harward, thanks for keeping us posted. we're about six minutes before the bell rings in the final session of 2012. let's bring in matt. good to have you with us. the futures are not too bad. we're coming off five straight losing streaks. on friday we saw the vix post the low of the session. what do you think it will happen today? >>
to the clinton-era rate. all that raises more revenue and is a tax increase from what they were. if you measure it against current law which was that on january 1 all of those bush tax cuts were going to expire, we were going to put -- pull in a lot more money. and so that costs the government money. it was -- it was negative for deficit reduction measured against that. coupled with the fact that you just mentioned, the alternative minimum tax, permanently shielding tens of millions of people from a very large increase in their taxes which is something that congress can reason and say, well, we never intended that. alternative minimum tax was supposed to affect millionaires, that's true. that's very expensive. yes, the doc fix is also expensive. what they were doing in the so-called dox f doc fix is prev physicians under medicare from plummeting which would cause doctors not to participate in medicare. so while doing things that raise money, when measured against what was going to happen if they did nothing, they cost themselves a lot of money. >> what's -- dividends are going to be tasked -- y
. it seems to have been pretty consistent. you had secretary of state clinton saying that assad was a rehe former, someone we could work with. so there's apprehension towards a more aggressive policy, but what matters the most, the facts on the ground, that al-qaeda are again the fighters on the ground in places, and it's difficult to try and develop a relationship with an opposition that includes them. >> clayton: let's talk oil, number three on the list. and an act of sabotage on the oil infrastructure? >> absolutely, everyone focuses on the tension between israel and iran, but the tension between iran and saudi arabia and other arab countries is just as intense and there was a dramatic escalation in the property war between iran and saudi arabia and iranians most people believe was behind cyber attacks on the saudi oil infrastructure. now that's on the target list for iran, bad for the u.s. economy. even if the attack isn't completely successful, what that does for the economy and the markets really hurts all americans. >> clayton: the muslim brotherhood, now in power basically in egypt
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